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June 25, 2016
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LOS ANGELES COUNTY NEWS
Archive
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• MegaToys Building Mega Res Complex in Downtown LA
9/27/13
Construction has begun on a two-building, 320-unit apartment development in the Arts District of downtown Los Angeles. The project is a joint venture between Lowe Enterprises, Megatoys and institutional investors advised by ...
Price: $4.99
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• George Smith Partners Arranges $42 Mil on LA Industrial Portfolio
9/26/13
Gary Mozer and Loren Bedolla of George Smith Partners arranged $42.5 mil in joint venture equity for the acquisition of a seven-building industrial portfolio in greater Los Angeles. The existing trust deed was assumed in the ...
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• GumGum Takes 4.4k Primo 4.4k sf Santa Monica Space
9/26/13
In a recent Santa Monica lease comp, GumGum Inc, an image-based advertising firm, leased 4.4k sf of space on the sixth floor of the historic Clock Tower building at 225 Santa Monica Blvd. The five-year deal has a total value ...
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• Tenants Taking Occupancy at New West LA Res Development
9/25/13
The first new mid-rise apartment project to be built in the Brentwood area in a decade has been completed and is welcoming its first tenants. The 78-unit bw, located at the intersection of Barrington and Wilshire, is a devel...
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• LA Multifamily Property Fetches $420k/Unit
9/24/13
A fully occupied, eight-unit multifamily property situated within the Faircrest Heights neighborhood in Los Angeles sold for $3.4 mil, or around $420k/unit. The property is located at 1451 Hi Point St, near Fairfax and Pico B...
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• Patrick Church and Anneke Greco Join JLL
9/24/13
Patrick Church and Anneke Greco have joined Jones Lang LaSalle as agency leasing brokers focused on the Tri-Cities submarket. Church joins JLL as a Managing Director and Greco joins as a Vice President. The duo will focus on ...
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• Wood Partners Gets Underway with 246-Unit Res Project in LAís South Bay
9/24/13
Wood Partners has started construction on Alta South Bay, a 246-unit luxury apartment building on four acres between Torrance and Carson, in Los Angeles County. The 300k sf, $55 mil apartment building, situated just five mile...
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• Private Investor Pays $3.7 Mil for Lancaster Apartment Property
9/23/13
Lancaster Gardens, a 60-unit multifamily property in Lancaster, was purchased by a Los Angeles-based private investor for $3.675 mil ($61.3k/unit). The property is located at 501 E. Lancaster Blvd, east of Division St and Hwy...
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• Vacant Long Beach Building to Be Refurbished
9/23/13
In a recent investment deal in Long Beach, 2H Construction paid $3.3 mil for a vacant, 24.3k sf office building in Long Beachís Signal Hill area. The property was acquires as part of a 1031 exchange. The buyer intends to ful...
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• Harbor City Retail Center Refinanced with $3.75 Mil Loan
9/19/13
Geoff Arrobio, Senior Vice President in Johnson Capitalís Los Angeles office, has arranged a $3.75 mil refi loan on a 32k sf retail center in Harbor City. The property, located at the intersection of Vermont and Carson St, ...
Price: $4.99
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• Avon Studio Transportation Buys Hollywood Property
9/19/13
Avon Studio Transportation recently completed an interesting Hollywood owner/user acquisition. The company purchased 956 Seward St, which consists of 1.29 acres of land and an historic, two-story, 41k sf film vault that will ...
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• Ness Adds to Its Holdings
9/19/13
Ness Holdings recently completed two acquisitions in the LA area, one a retail property and the other a multifamily building, in separate deals worth a combined $8.15 mil. In the larger transaction, Ness paid $6.2 mil for a ...
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• Glendale Triangle to Add 300 Res Units to Tri-Cities Submarket
9/19/13
Camden USA Inc has begun construction on Glendale Triangle, a 303-unit, residential mixed-use project in Glendale. The seven-story, 315.4k sf project was conceived and designed to attract Gen-Y renters with an array of lifest...
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• Monem Corp Buys Two LA-Area Apartment Properties
9/17/13
Monem Corporation picked up two value-add multifamily properties in the Hollywood/Los Feliz areas of Los Angeles in deals totaling $3.575 mil. With these two acquisitions, Monem now owns more than 60 multifamily properties th...
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• CLARE Foundation Leases Santa Monica Office Space
9/17/13
In a recent Santa Monica office lease comp, CLARE Foundation agreed to a 10-year, $3.15 mil deal for 6.5k sf ($4.03/sf/mo) of space at 1334 Lincoln Blvd. CLARE, a nonprofit organization providing treatment and recovery servic...
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• Record Lease by ItíSugar a Sign of Sweet Deals Ahead for Third Street Promenade Landlords
9/17/13
Weíve learned of a record breaking retail lease along Santa Monicaís Third Street Promenade, valued at around $28/sf/mo. The tenant, ItíSugar, agreed to an eight-year deal worth $6.2 mil for 2.25k sf of space at 1427 Third St...
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• Jeffrey Warwick Named Chief Executive Officer, President and Managing Partner at BentleyForbes
9/16/13
Jeffrey Warwick has been appointed to the positions of Chief Executive Officer, President and Managing Partner at BentleyForbes, the Century City-based real estate investment firm. Warwick, the former Managing Director of US ...
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• Santa Clarita Multifamily Asset Generates a Lot of Interest, and $148k/Unit
9/16/13
A 40-unit apartment property in Santa Clarita was acquired by a private investor for $5.93 mil, or about $148k/unit. Located at 24200 Pine St, south of Lyons Ave off of Railroad Ave, the property received receiving multiple o...
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• Canyon Multifamily Impact Fundís First Investment in Northern LA County
9/16/13
The Canyon Multifamily Impact Fund, a real estate fund focused on multifamily workforce housing in underserved communities, has acquired its first property, The Fountains at Palmdale. The acquisition is the first within the...
Price: $4.99
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• Palm Heights Closes Third Multifamily Buy in LA Area
9/16/13
Lanshire House, a 27-unit, Class A multifamily community in West Los Angeles, was recently acquired by Beverly Hills-based real estate investment firm Palm Heights LLC for $8.81 mil ($326k/unit). The property, located at 3325...
Price: $4.99
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